Seoul, March 18, 2026 (AFP) - South Korea secures extra 18m barrels of oil from UAE

NAMPA / AFP

2026-03-18

South Korea said on Wednesday it would receive an additional 18 million barrels of oil from the United Arab Emirates through multiple supply channels as the Iran war disrupts global supplies and sends prices higher. About 70 percent of South Korea's crude oil imports pass through the Strait of Hormuz, which Iran has effectively closed since US-Israeli strikes began on February 28. "The UAE will supply six million barrels via three UAE-flagged ves......

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